Business/Financial
-
Business/FinancialCommercial Aerospace Recovery Powers Raytheon Technologies Higher In Second Quarter
Raytheon Technologies [RTX] on Tuesday posted higher sales and earnings in its second quarter driven by the ongoing recovery in commercial air travel, but the company’s defense businesses were largely […]
-
Business/FinancialBoeing Plants Targeted For Aug. 1 Strike By Aerospace Workers Union
About 2,500 union workers at Boeing [BA] manufacturing facilities in the St. Louis area could strike Aug. 1, the St. Louis Post-Dispatch and other news outlets reported Sunday after members […]
-
Business/FinancialHII Announces Shakeup In Newport News Shipbuilding Leadership
HII [HII] announced several leadership changes and promotions on July 20 as it shuffles positions in its Newport News Shipbuilding (NNS) division, effective immediately. Matt Needy was moved from vice […]
Tagged in: -
Business/FinancialBoeing To Invest $50 Million In New Venture Fund
Boeing [BA] on Wednesday said it has agreed to provide $50 million to anchor a new aerospace technology venture fund that is privately-managed by the company’s partner AE Industrial Partners […]
-
Business/FinancialDefense Growth, Shareholders Will Benefit Mid-Decade From Global Unease, Taiclet Says
Domestic and international defense growth will hit an “inflection point” in two to three years as demand firms up, funding is appropriated, contracts are let and suppliers can meet capacity, […]
-
Business/FinancialPension, F-35 Weigh On Lockheed Martin’s Second Quarter Results
Lockheed Martin [LMT] on Tuesday posted sharp declines in earnings and sales as second quarter results were hit by a previously announced pension charge, delays in finalizing the next production […]
Tagged in: -
Business/FinancialRaytheon Technologies To Acquire U.K. Space Company
Raytheon Technologies [RTX] on Monday said its United Kingdom-based subsidiary has agreed to acquire another U.K.-based company that specializes in space domain awareness. Terms of the deal were not disclosed. […]
Tagged in: -
Business/FinancialMerlin Labs Raises $105 Million In New Funding Round; Announces Work On C-130J
Autonomous flight technology developer Merlin Labs on Wednesday said that company has raised $105 million in new funding as it continues to build out its three phased—crawl, walk, run—approach to […]
Tagged in: -
Advanced / Transformational TechnologyBooz Allen Creates Venture Arm With $100 Million Backing
Booz Allen Hamilton [BAH] on Wednesday launched a $100 million venture capital fund that will invest in early-stage companies with strategic dual-use commercial technologies that can benefit the company’s customers […]
Tagged in: -
Business/FinancialInvestment Consortium To Acquire Government Consulting Firm LMI
The government consulting firm LMI on Tuesday said it has agreed to sell its for-profit-subsidiary, which will retain the LMI name, to an investment consortium that will focus on positioning […]